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Liontown Resources Ltd.
Summary
| Project: | Buldania | |
|---|---|---|
| Deposit: | Buldania | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 3/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-3-2018: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Buldania deposit at the Buldania project. Drilling results incl. 16m @ 1.2% Li2O from 28m. Liontown Resources Limited (ASX: LTR) is pleased to advise that its maide | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Richards (Internal) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR) is pleased to advise that its maiden drilling program at the Buldania Lithium Project, located 600km east of Perth, Western Australia, is off to a strong start with significant zones of lithium mineralisation intersected. While exploration is still at an early stage, the initial results are highly encouraging and demonstrate the potential for high grades to occur within multiple pegmatites hosting significant widths of ore grade lithium mineralisation. The current 3,000 – 3,500m Reverse Circulation drilling program is designed to test beneath multiple targets where previous rock chip sampling had recorded fresh, high-grade (>1.5% Li2O), spodumene-related mineralisation from a pegmatite swarm defined over an area of 1.3km x 2km. Holes BDRC0003 and BDRC0004 were drilled into the Anna pegmatite (Figure 1) and are the only holes from the prospect for which assays have been received so far. (See Appendix 1 for listing of drill statistics). Mapping combined with the latest drilling indicates that the Anna prospect comprises a 550m long, 60-150m wide, NW-SE trending zone containing numerous close-spaced, steep-to-moderately, south-west dipping pegmatites (Figure 2). Importantly, the lithium values appear to be largely related to spodumene mineralisation with only minor lepidolite observed. Further work will be planned once the drilling program is completed and all assays have been received. | |
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